Here is Portfolio page of Arpit, with all his work

What is the crux of decision of writ petition in the case of Kalpana Shantilal Haria?

Feb. 02, 2018
What is meaning of Received as per Income Tax Act?

Feb. 07, 2018
Equalisaton Levy: May Not Be Applicable on You!
Jun. 08, 2017
Equalisation levy is the first important step taken by government to tax digital economy transactions….So in my previous article, we understood why the tax authorities introduced the concept of equalisation levy…...Endeavouring in this journey further, here is some comforting news...I found few exceptions in the provisions of equalisation levy….These exceptions might help you to avoid payment of this levy.
Offshore supply of equipment and onshore rendering of services are 2 separate c…
Jan. 31, 2018
AAR in the case of Michelin Tamil Nadu Tyres Private Limited mandated that distinction has to be made between contract for supply and contract of service. Post such bifurcation, taxability will be ruled out as per provisions of Income Tax Act. For contract of supply, no income will be taxable in India if goods are sold on FOB basis and payment is made in foreign currency. For rendering of onshore supervisory service, income will be taxable in India…
What are the benefits of SIP?

Disciplined Saving: When you invest through SIP, you commit yourself to save regularly. Every investment made will help you achieve your financial goals. SIP is similar to Recurring Deposit Account. The main difference between RD A/c and SIP is the mode of end investment. Under RD A/c there is fixed income while in MF income may vary.
Hey in past 2 years i had STCL on stock trading...Due to losses, i didnt file any ITR...Now in this year I have earned Rs 30,000 as STCG...Can i set off earlier loss from this 30,000 gain...??

Sorry you cant do it...As per Section 139(3) losses can be carried forward and set off only when income tax return has been filed within the due date...Since in your case ITR has not at all been filed, you cannot setoff STCG from past losses...
NHAI’s innovative method of raising finance
Jun. 27, 2017
These days there is so much fuss about non-performing assets….Insolvency bill has been made applicable...A few days back RBI identified 12 big NPA’s that may be put under the hammer of insolvency….Banks are not willing to lend to corporates fearing any fresh advance may turn bad….Then who will make an investment in infrastructure sector?? How will we able to able to beat China in infrastructure development??
What is the crux of decision in the case of Neon Solutions Pvt Ltd, rendered by Hon'ble Bombay HC?

It was held that income shall be deemed to accrue only when there is reasonable certainty of its ultimate collection. Just because assessee is following mercantile system of accounting, it cannot be said that every income which is due has also accrued to the assessee. For accrual i.e for recording of income in books, there is a direct mandate by guidance note by ICAI on income recognition. As per guidance note, income shall be recorded(deemed to accrue) only when there is reasonable certainty of its ultimate collection.
What if A.O does not grant stay of demand?

Feb. 07, 2018